In 2023, the labour costs in Japan's fishing and aquaculture industry stood at a certain actual value. The forecasted data from 2024 to 2028 shows a steady decline in labour costs, with a subtle year-on-year decrease starting from 471.93 billion yen in 2024 to 470.29 billion yen in 2028. The projected compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 indicates a slight negative trend, illustrating a consistent reduction in labour expenses.
Future trends to watch for include:
- Technological advancements potentially reducing labor dependence
- Policy changes affecting wages and operating costs
- Shifts in global seafood demand impacting production scales and labor needs
- Environmental regulations influencing sustainable practice requirements
